Zaandam, the Netherlands, December 12, 2022 – Today, Ahold Delhaize announces the closing of its €1.5 billion Sustainability-linked Revolving Credit Facility (the ‘Facility’).
The new Facility increases the total revolving commitments from €1.0 billion to €1.5 billion, reduces Ahold Delhaize’s borrowing costs, and extends the maturity date to December 2027, which may be further extended pursuant to two twelve-month extension options.
The Facility links the cost of borrowing to Ahold Delhaize’s annual performance on sustainability KPIs that are aligned with its “Grounded in Goodness” strategy, that focuses on healthier people and a healthier planet. Specifically, the Facility includes three sustainability KPIs to reduce Ahold Delhaize’s carbon emissions within its own operations (scope 1 and 2), reduce food waste and help customers make healthier choices. The Facility also includes the opportunity to add scope 3 carbon emissions reduction performance targets by 2025. Ahold Delhaize will report progress on its performance targets in its annual reports.
ABN AMRO Bank N.V. and Société Générale acted as Coordinators and Sustainability Coordinators on the Facility.
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Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause actual results of Koninklijke Ahold Delhaize N.V. (the “Company, or “Ahold Delhaize”) to differ materially from future results expressed or implied by such forward-looking statements. Such factors include, but are not limited to the risk factors set forth in the Company’s public filings and other disclosures. Forward-looking statements reflect the current views of the Company’s management and assumptions based on information currently available to the Company’s management. Forward-looking statements speak only as of the date they are made and the Company does not assume any obligation to update such statements, except as required by law.